5 Things Emmet Could Teach Us About Startups in the News

5 Things Emmet Could Teach Us About Startups in the News

Are you a tech industry addict? Meet Emmet, our digital company and market analyst. Emmet is an AI-powered digital company analyst that is already a celebrity among our customers who have downloaded it to their Slack accounts. But starting today, Emmet is going fully global, and will be accessible for everyone for the first time from Zirra’s website.

Go and try him. Ask him anything about companies, using simple English and the company name such as “Give me facts for Uber,” “What are the risks for Slack,” “Show me traffic for Airbnb,” “Is Coursera hiring?” and “Who is competing with Palantir?”

We asked Emmet a few questions to dive deeper into this week’s most exciting startup news. Here are some of the most interesting insights we got back:

1.The many early signs about Juicero’s situation:

Although it’s easier to speak in hindsight, there were quite a few preliminary signs regarding Juicero’s shut down. If you’re only just coming back from summer break, here is a summary of the news regarding Juicero: The $400 juice machine company that raised $118 million from Silicon Valley’s top VCs, said it’s going to stop selling its products and give customers their money back. The main criticism of the product was it’s high pricing ($700 at the beginning) for a juice machine and juice packs that could be squeezed by hand and did not require a fancy machine.

Even though many could have anticipated Juicero’s demise, there’s always an element of surprise when it finally happens. But using automated analysis techniques such as Zirra’s, one could raise a few red flags long before last week’s official announcement.

Asking Zirra’s NLP-based chat bot for Slack, Emmet produced a few insights about Juicero’s fate:


Let’s validate the data with monitoring Juicero’s traffic in recent months with the help of Emmet:

**Try Emmet here**

2.Who will compete with the flying DeLorean?

There is good news for aerospace lovers and Back to the Future fans this week. Lilium Jet, a German startup that has developed a flying taxi that can take off and land vertically has raised a B round of $90 million from Chinese WeChat operator Tencent, Skype co-founder Niklas Zennstrom and Ev Williams, Twitter’s co-founder and former CEO.

Lilium’s aircraft can fly at a speed of 300 kilometers per hour for about an hour on a single charge, and its founders are planning it to be used as a flying ferry, hopping rooftops terminals which also be operated by Lilium. Passengers will be able to fly from one rooftop to another within minutes.

Now, we hear a lot about vertical take-offs and landing aircrafts, and some of us have lost track of how many companies are in the race to create a flying taxi. To make order out of chaos, we asked our digital analyst about similar companies to Lilium Jet. Here is the output we got:

Emmet recognized about 20 similar companies, with Aeromobil and e-volo being the most similar, with a degree of similarity of 47% each. Emmet also knew Kitty Hawk, the personal flyer funded by Google’s Larry Page, as a major competitor with 41% degrees of similarity.

As inventor Thomas Edison would have recommended, it is better to measure such disruptive hardware inventions by the number of patents each company holds. Again, we asked Emmet to count patents and trademarks for us, and within seconds we got a patent map on each company. According to our NLP based patents finder, Terrafugia has eight granted patents, which makes it the vertical take-off vehicle company with the highest number of granted patents, surpassing by far all the others. In fact, most of the others have a few registered trademarks on average, and we couldn’t find any other granted patents. However, Terrafugia is a much more established company, having been founded in 2006.

Aeromobil – Pending Trademarks: 2 Registered Trademarks: 2

Terrafugia: Pending Patents: 3 Registered Trademarks: 5 Granted Patents: 8

Pipistrel: Registered Trademarks: 5

3.Live and Kikin’: Kik Messenger App Wants to Raise $125M in an ICO

The developer of popular Kik Messenger plans to raise $125 million in an ICO, in what may be the biggest ICO for an established consumer company – having previously raised over $120 million in equity from traditional VCs. I kept hearing this news from time to time, as the company is managing a PR blitz to create awareness to optimize its public ICO success, so I decided to check once and for all how much of the total sum was already raised – and from whom.

I asked Zirra’s digital analyst Emmet this very simple question: “How much did Kik raise?” and got the attached output. At the end of the list, one could see, Kik raised $50 million from BlockChain Capital only a few days ago, as a part of its presale round to select accredited investors. That means that the company is still far from its $125 million goal. The remaining $75 million will be raised by issuing tokens for the general public with Kik’s unique token called Kin. Kin will create an ecosystem for digital services that will promote peripheral services on top of the messaging app, rewarding its app developers with a common currency. How do I know all that? Because I asked Emmet about recent news for Kik, with the common “Emmet, show me news for Kik.”

4.Via Transportation – Mercedes’ new carpooling startup

Via, a shuttle-based carpooling service, that can be found in NYC, Chicago and Washington D.C., has raised a strategic investment from German Daimler, owner of Mercedes Benz brand. Daimler will help to bring the growing startup to Europe, starting with London.

Via’s offering is a little different than that of other carpooling or ride-hailing apps such as Uber or Lyft. Via sells a seat in a black shuttle for $5 and also offers its software platform to other transportation providers. The company has grown significantly in recent years, broadening its service out of lower Manhattan into all of Manhattan, Brooklyn, JFK, Chicago’s city center, Washington D.C, Orange County and Houston.

But who is this company, that suddenly jumped out of anonymity to conquer the transportation world, and is now one of Mercedes Benz’s significant partners?

We asked Emmet for facts about Via.

Emmet created a summary of the most important facts about Via, and also shared with us its profiles within social networks and company databases such as Bloomberg. Here, Emmet decided that Via is a communication product primarily because it is an app that uses sophisticated software to match potential drivers with passengers.

However, we wanted to learn more about the company’s management and gave our analysis chat bot the following command.

We used the links in Emmet’s report about Via’s management and looked at the backgrounds of the founders. It appears that co-founders Daniel Ramot and Oren Shoval are both graduates of the elite Talpiot program of the Israel Defense Forces. The program accepts the best math students from high schools, and also awards its graduates with degrees in the sciences. While reading about the Talpiot program, we learned it created a vast network of successful entrepreneurs such as the founders of Checkpoint, Passave, Stratoscale, Metacafe, Supersonic, Anobit, Adalom, Compugen, and Cannabics.  

**Try Emmet here**

5.23andMe raises $200 million – but is it hiring?

You always wanted to work for a successful biotechnology company and you’ve just heard that 23andMe is raised close to $200 million in a funding round led by Sequoia. You can easily check for open positions in any company by asking Emmet if a company is hiring or simply by asking him to show jobs for a company.

Emmet found 20 open positions in 23andMe. Here, we’ll show you the first five:

 

9 Tools that Simplify Competitive Analysis

Learning about competitors is a fundamental task in building a business. Entrepreneurs get a basic notion about their competitors when they start their business. Most founders develop a detailed business plan in which they conduct a comprehensive competitive analysis. However, only a few keep monitoring for new competitors down the road. Competitor research should be a continuous task, as much as monitoring a company’s analytics and performance – for two main reasons:

  1. Rapidly growing competitors: early-stage competitors which used to be too small or didn’t yet exist need to be included in a competitive analysis. Their sudden growth poses a potential threat to the company. For instance: Facebook was an early-stage, unknown competitor of MySpace back in 2004.
  2. Companies adding products or services, or pivoting, to become competitors: Companies sometimes expanding their offering to include more products and services or pivoting into a new space, thus becoming competitors of incumbents. For instance, Blue Apron was established in 2012, pioneering the multi-billion dollar meal kit delivery industry, only to have Amazon as a fresh new competitor five years later.

Before we start with recommendations, let’s define competitors. Direct competitors are the ones in your customer’s short list when they make their buying decision. These companies pose an immediate threat, offering a similar product or a service to yours, and compete for the same customer dollars. Indirect competitors offer alternative products or services to your offering, which can answer the same customer needs. For instance, Microsoft Excel is not a direct competitor to CRM or marketing automation systems, but some businesses still use it for such purpose.

Dozens of competitive analysis tools are available today to help entrepreneurs monitor their competitors by their social network activity, traffic, backlinks or content, but very few of them produce original lists of possible competitors. Most services ask users to come up with an already made list of competitors, which they have to type into their search engine.  

Zirra- The first NLP-powered company analysis engine

Zirra is the only business intelligence tool available that automatically builds a competitive landscape using Machine Learning techniques.

Searching for a company in Zirra’s company analysis engine results in a list of companies ranked from zero to one. This indicates how closely those companies are related to each other on a multidimensional semantic model. Scores of above 0.5 are almost always direct competitors, while a score of 0.3-0.5 tells about some relationship, although it is often mild competition. Zirra’s algorithms produce the list after scanning the internet for articles, putting the data extracted into a large NLP module that closes out all the semantic relationship between companies.

This technology is already implemented in two of the company’s assets: The automatic company analysis reports engine, accessible through Zirra’s website; and the company’s interactive company analysis bot called Emmet. Emmet is an A.I.-powered analysis chat-bot for Slack that can be communicated with using simple English and is now in a closed beta. (Click here to join the beta.)

Typing “show me competitors for Taboola,” as seen in the images below, resulted in a list of companies, and a rating that measures the extent of the competition. For instance, the closest competitors of Taboola in this example are Outbrain (79%), Revcontent (63%), and Zergnet (54%).

Zirra

Provides original list of competitors: Yes

Level of automation: High

Price: Creates automatic lists of up to 5 competitors for free through Zirra’s website; Digital analysis chatbot (Emmet) now in a closed beta. For a deeper competitive analysis, Zirra sells company premium insight reports at a minimum price $149 a month per for three reports.

Owler and CrunchBase- Bringing crowdsourcing into competitive analysis

Owler and CrunchBase are business intelligence databases for tech companies that curate information using the power of crowdsourcing. CrunchBase, once under the umbrella of TechCrunch, is now a part of Oath (formerly AOL). Both Owler and CrunchBase allow free access to their database, which contains basic information such as a company’s team, the offering, the funding, and the investors.

CrunchBase is considered to be the more accurate of the two, as it double-checks some of the information provided by the users. Also, the list of contributors on each company is visible to anyone so that manipulators stay out of the game. On the other hand, since most of the contributors are related to the subject company, information on unwanted competitors or hidden investors will not appear in that database.

Owler uses the crowd in a slightly different way: anyone can contribute information on every company, what makes the information presented more prone to manipulations. On the other hand, the competitive landscape of companies is generally more extensive and accurate than other crowdsourcing databases. According to Owler, it has about one million members in its network, second only to LinkedIn, the largest business community. Owler proactively asks users questions regarding companies they view, letting them share their opinion about the company even if they are not directly related to it.

Owler

Provides original list of competitors: Yes

Level of automation: None (Manual)

Price: Competitive analysis features are free. CrunchBase offers a premium service under the brand CrunchBase Pro that provides elaborate search such as “show me all the gaming start-ups in Sweden” or “How many A rounds did Sequoia Ventures did last year?”

SimilarWeb Pro & Apptopia – Competitor’s traffic analysis:

SimilarWeb is a service that monitors traffic using a myriad of sources such as monitored devices, ISPs, and proprietary web crawlers that scan the web. However, SimilarWeb’s competitive comparison feature demands a premium (“SimilarWeb Pro”) subscription. SimilarWeb Pro allows comparing the web traffic of up to five competitors. Its traffic monitoring engine has been operating effectively over web traffic for years, but in recent months (and particularly after raising a whopping $75 million) the company refurbished its mobile traffic monitoring abilities. However, SimilarWeb does not provide the list of competitors, and the user needs to enter them into the tool’s search engine.

In addition to competitor’s mobile and desktop traffic, SimilarWeb also provides some similar features to Google Analytics with a twist of competitive intelligence: a list of competitor’s traffic sources and referrals destinations, the distribution of traffic sources across channels (direct, referrals, search, social and email), average daily visits and duration, bounce rate, number of pages per visit, and an audience feature that includes traffic by leading countries, and the audience’s interests.

SimilarWeb

Provides original list of competitors: No

Level of automation: High

Price: SimilarWeb’s competitive comparison feature demands a premium (“SimilarWeb Pro”). SimilarWeb Pro is on average $12,000, but exact pricing depends on how much data, functions and features the customer needs”.

Apptopia is a performance analytics service focused wholly on mobile apps. Apptopia includes some of its performance estimates and competitor tracking capabilities for free, while the comparison between apps belongs to the premium service.

The free service allows users to search for every app’s performance pattern in the last 30 days in a manner of: downloads patterns, leading country in downloading, total downloads so far, usage patterns such as MAU, DAU and frequency of use, and estimated revenues for the last three months. The premium service includes the best features of the service such as the ability to track downloads, usage, and revenues for more than the last 30 days, and a feature that breaks down revenue to in-app purchase, advertising, paid networks, and ARPU. In addition to MAU/DAU analysis, Apptopia also knows to measure engagement via its engagement index, retention and session data.

Apptopia

Provides original list of competitors: No

Level of automation: High

Price: $50 for a package of analytics of up to 5 apps.

Ahrefs Competitor’s backlinks and content strategies:

Ahrefs was voted as the top tool for researching competitors’ backlinks by 67 marketing experts surveyed by Robbie Richards’ marketing blog. It is a premium service for paying customers only (starting with two free weeks).

Ahrefs can suggest new competitors by showing users the most popular content backlinks of domains competing for the same keywords on search engines. Also, it allows to do the opposite: type in competing domains and pages and get their backlink sources profile, discovering their content strategy and their major referrals sources. Ahrefs also presented the Link Intersect tool to identify sites linking to multiple competitor domains, and the Best by Links report to find out which content types and topics generate the most backlinks to competitors.

Ahrefs allows users to get daily or weekly alerts on their competitors’ new referring domains and new backlinks, allowing users to constantly monitor their competitors, learning how their competitors build their backlinks strategy, learning about them in almost real time.

Ahrefs

Provides original list of competitors: Only those who compete for the same keywords

Level of automation: High

Price: From $99 and up to $999 for agencies

However, if you choose to focus on analyzing competitor’s content, Buzzsumo is considered to be the most comprehensive. It was also chosen by 67 marketers to be the leading content analysis tool. In contrast to Ahrefs, some of its competitive analysis features are free.

First, you can discover new competitors with a simple keyword search which will show the most shared content made by others on the same topic. Regarding competitors you already know, here you can identify the top-performing pieces of content from your competitors, and get the statistics about the number of shares for each of the pieces. More features include identifying the audience engaging with competitor’s content and alerts to follow on competitors.

SEMrush – The destination for competitive research over keywords

SEMrush is one of the few competitive assessment tools that suggests an original list of competitors, based on performance on organic search. These might not be the real competitors on the same market niche, but rather companies competing for the same keywords. SEMrush presents the five companies with the highest level of competition, rates the level of competition, and presents the number of common keywords with each competitor. Users get the total number of keywords for which a competitor is a leader (i.e. ranked at Google’s first results page per keyword). Additionally, users get the common leading keywords their company shares with a competitor (i.e. the keywords for which the user’s company and the competitor are on the first Google’s page together). SEMrush presents different lists for organic and paid competitors.

In contrast to Ahrefs, SEMrush allows a bunch of free trials to let you get used to the platform and to understand its capabilities before subscribing. Besides identifying competitors, SEMrush allows diving into competitor’s ads and PPC strategies, find their most profitable keywords and successful ad campaigns. Calculating all of the above can result in estimating competitor’s advertising and PPC budget.

SEMrush

Provides original list of competitors: Only those who compete for the same keywords

Level of automation: High

Price: From $99 and up, while higher values can be tailor made.

 

Google Adwords Keyword Planner

Google Adwords gives you some of the features presented in SEMrush, for free. With Adwords analytics platform, you’ll be able to analyze organic and paid keywords used by your competitors and analyze their cost and the number of clicks they bring. Working hard on the tool will let you estimate the total cost of online advertising for competitors.

Provides original list of competitors: No

Level of automation: High

Price: Free. Access is through a free Adwords account.